International Assets Investment Management LLC Takes Position in AMETEK, Inc. (NYSE:AME)

International Assets Investment Management LLC bought a new stake in AMETEK, Inc. (NYSE:AME - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 124,492 shares of the technology company's stock, valued at approximately $205,270,000. AMETEK makes up 0.6% of International Assets Investment Management LLC's holdings, making the stock its 18th biggest position. International Assets Investment Management LLC owned about 0.05% of AMETEK as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AME. Morgan Stanley raised its stake in AMETEK by 19.2% in the 3rd quarter. Morgan Stanley now owns 4,189,108 shares of the technology company's stock valued at $618,983,000 after acquiring an additional 674,549 shares during the period. Northern Trust Corp boosted its holdings in shares of AMETEK by 4.3% during the 3rd quarter. Northern Trust Corp now owns 2,362,467 shares of the technology company's stock worth $349,078,000 after buying an additional 96,793 shares during the period. Flossbach Von Storch AG grew its stake in AMETEK by 2.4% in the 3rd quarter. Flossbach Von Storch AG now owns 2,333,575 shares of the technology company's stock valued at $344,809,000 after buying an additional 55,005 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in AMETEK by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,193,916 shares of the technology company's stock worth $176,413,000 after acquiring an additional 10,893 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in shares of AMETEK by 84.9% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,081,557 shares of the technology company's stock worth $159,811,000 after acquiring an additional 496,523 shares during the period. 87.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AME shares. StockNews.com cut AMETEK from a "buy" rating to a "hold" rating in a report on Saturday, March 2nd. Truist Financial assumed coverage on shares of AMETEK in a research report on Thursday, March 14th. They set a "buy" rating and a $210.00 price target on the stock. KeyCorp boosted their price objective on shares of AMETEK from $182.00 to $205.00 and gave the company an "overweight" rating in a report on Tuesday, February 27th. Finally, Royal Bank of Canada lowered their target price on shares of AMETEK from $192.00 to $188.00 and set an "outperform" rating on the stock in a report on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $180.78.

AMETEK Price Performance

Shares of AME traded up $3.15 during trading hours on Friday, reaching $166.49. The stock had a trading volume of 2,065,096 shares, compared to its average volume of 972,476. The stock has a market capitalization of $38.49 billion, a PE ratio of 29.36, a PEG ratio of 2.78 and a beta of 1.21. AMETEK, Inc. has a 12 month low of $136.89 and a 12 month high of $186.32. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.59 and a current ratio of 0.98. The company's 50-day moving average is $179.88 and its two-hundred day moving average is $165.94.

AMETEK (NYSE:AME - Get Free Report) last posted its earnings results on Thursday, May 2nd. The technology company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.59 by $0.05. AMETEK had a return on equity of 17.96% and a net margin of 19.91%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the company earned $1.49 earnings per share. The business's quarterly revenue was up 9.0% on a year-over-year basis. Research analysts expect that AMETEK, Inc. will post 6.82 EPS for the current year.

AMETEK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a $0.28 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. This is an increase from AMETEK's previous quarterly dividend of $0.25. AMETEK's payout ratio is 19.75%.

Insider Activity

In other news, CFO William Joseph Burke sold 27,400 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $185.05, for a total transaction of $5,070,370.00. Following the transaction, the chief financial officer now owns 106,512 shares of the company's stock, valued at approximately $19,710,045.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO William Joseph Burke sold 27,400 shares of AMETEK stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $185.05, for a total value of $5,070,370.00. Following the completion of the sale, the chief financial officer now owns 106,512 shares of the company's stock, valued at approximately $19,710,045.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Thomas A. Amato sold 780 shares of the company's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $182.00, for a total transaction of $141,960.00. Following the transaction, the director now owns 10,240 shares in the company, valued at approximately $1,863,680. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,881 shares of company stock valued at $10,689,758. 0.61% of the stock is currently owned by insiders.

AMETEK Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.